TransActions – February/March 2018

Tax Cuts & Jobs act 2017 Impacts Formula and Stated Rates

On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act of 2017 (“TCJA”), which significantly overhauled the Internal Revenue Code of 1986. The ink on the President’s signature had barely dried on the TCJA before consumer advocates and wholesale customers started demanding that any benefits resulting from the TCJA be passed to utility ratepayers. A key component of the TCJA is the change to the corporate income tax rate from the current statutory rate of 35% to 21%.

Securing Critical Utility Functions Effectively & Efficiently

As we have seen through recent cyber-attacks, even the most secured cyber systems may be vulnerable to hackers, foreign actors, or other persons with malicious intent. In 2016, a major attack occurred using devices that were part of the Internet of Things (IOT), to block access to critical applications that rely on internet connections. This exposed even the simplest internet facing devices, such as smart TVs, appliances, and cameras.

Request for Proposals

GDS offers expertise in the management of resource solicitation projects and the evaluation of sales proposals. From production and release of the solicitation, to final contract negotiation, we have managed dozens of national solicitations resulting in substantial long-term power cost savings.